Veeva Systems (VEEV) Tops Q3 EPS by 5c, provides outlook

Veeva Systems (NYSE: VEEV) reported Q3 EPS of $1.34, $0.05 better than the analyst estimate of $1.29. Revenue for the quarter came in at $616.5 million versus the consensus estimate of $615.83 million.

Financial Outlook:

Veeva is providing guidance for its fiscal fourth quarter ending January 31, 2024 as follows:

Total revenues between $620 and $622 million.
Non-GAAP operating income of about $227 million(2).
Non-GAAP fully diluted net income per share of approximately $1.30(2).

Veeva is providing updated guidance for its fiscal year ending January 31, 2024 as follows:

Total revenues between $2,353 and $2,355 million.
Non-GAAP operating income of about $830 million(2).
Non-GAAP fully diluted net income per share of approximately $4.76(2).

Veeva is reiterating guidance for its fiscal year ending January 31, 2025 for the following metrics:

Total revenues of at least $2,750 million.
Non-GAAP operating income of at least $1,000 million(2).

For earnings history and earnings-related data on Veeva Systems (VEEV) click here.

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